Can I retire at age 70 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$792,759$785,698$778,808$772,084$765,517$750,983
2 years$392,455$385,146$378,062$371,194$364,532$349,945
3 years$259,038$251,697$244,631$237,828$231,274$217,090
4 years$192,342$185,024$178,029$171,341$164,947$151,274
5 years$152,335$145,061$138,158$131,607$125,390$112,268
6 years$125,673$118,453$111,652$105,247$99,217$86,661
7 years$106,636$99,477$92,783$86,529$80,690$68,702
8 years$92,364$85,270$78,688$72,587$66,940$55,518
9 years$81,270$74,243$67,774$61,828$56,373$45,509
10 years$72,400$65,441$59,087$53,297$48,033$37,717
11 years$65,147$58,259$52,019$46,384$41,310$31,530
12 years$59,108$52,290$46,165$40,685$35,798$26,541
13 years$54,001$47,255$41,246$35,919$31,217$22,467
14 years$49,628$42,953$37,060$31,885$27,364$19,106
15 years$45,842$39,239$33,460$28,435$24,094$16,309
16 years$42,532$36,001$30,336$25,461$21,294$13,967
17 years$39,614$33,155$27,605$22,876$18,881$11,993
18 years$37,024$30,637$25,200$20,616$16,788$10,321
19 years$34,708$28,394$23,069$18,629$14,963$8,900
20 years$32,627$26,385$21,172$16,872$13,366$7,686
21 years$30,747$24,577$19,474$15,312$11,961$6,648
22 years$29,040$22,941$17,948$13,922$10,721$5,756
23 years$27,483$21,457$16,572$12,679$9,624$4,990
24 years$26,059$20,104$15,326$11,564$8,650$4,329
25 years$24,750$18,866$14,195$10,561$7,784$3,758
26 years$23,544$17,731$13,165$9,657$7,011$3,265
27 years$22,430$16,687$12,225$8,839$6,321$2,839
28 years$21,396$15,724$11,365$8,098$5,704$2,469
29 years$20,436$14,834$10,576$7,426$5,150$2,148
30 years$19,541$14,009$9,851$6,816$4,654$1,870
31 years$18,706$13,243$9,184$6,260$4,207$1,628
32 years$17,925$12,531$8,569$5,753$3,806$1,418
33 years$17,192$11,867$8,001$5,290$3,444$1,235
34 years$16,504$11,247$7,475$4,867$3,118$1,076
35 years$15,857$10,668$6,989$4,481$2,825$938
36 years$15,247$10,125$6,538$4,127$2,559$818
37 years$14,671$9,617$6,119$3,802$2,319$713
38 years$14,127$9,139$5,731$3,504$2,103$621
39 years$13,613$8,690$5,369$3,231$1,907$542
40 years$13,125$8,268$5,032$2,980$1,730$473
41 years$12,662$7,871$4,719$2,750$1,569$412
42 years$12,222$7,496$4,426$2,538$1,424$359
43 years$11,804$7,142$4,153$2,343$1,292$314
44 years$11,406$6,808$3,899$2,163$1,173$273
45 years$11,027$6,492$3,661$1,998$1,065$239
46 years$10,665$6,193$3,438$1,845$967$208
47 years$10,320$5,910$3,230$1,705$878$182
48 years$9,990$5,642$3,036$1,575$797$158
49 years$9,675$5,388$2,853$1,456$724$138
50 years$9,373$5,146$2,682$1,346$658$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,600,000, adding $3,549 every year, while hoping to spend $28,362 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/28/12 Blend
69$9,600,000$9,600,000$9,600,000$9,600,000
70$10,582,861$10,074,061$9,925,261$11,186,983
71$11,632,136$10,537,513$10,227,580$12,057,053
72$12,787,486$11,022,723$10,539,076$13,002,194
73$14,059,701$11,530,729$10,860,028$14,032,476
74$15,460,672$12,062,615$11,190,719$15,156,115
75$17,003,497$12,619,521$11,531,445$16,382,145
76$18,702,615$13,202,638$11,882,510$17,720,499
77$20,573,933$13,813,219$12,244,225$19,182,101
78$22,634,981$14,452,573$12,616,913$20,778,968
79$24,905,074$15,122,074$13,000,905$22,524,315
80$27,405,498$15,823,162$13,396,542$24,432,683
81$30,159,709$16,557,347$13,804,176$26,520,066
82$33,193,553$17,326,211$14,224,170$28,804,065
83$36,535,513$18,131,413$14,656,897$31,304,044
84$40,216,973$18,974,690$15,102,740$34,041,315
85$44,272,519$19,857,865$15,562,097$37,039,330
86$48,740,264$20,782,848$16,035,375$40,323,901
87$53,662,205$21,751,641$16,522,995$43,923,436
88$59,084,623$22,766,344$17,025,388$47,869,208
89$65,058,516$23,829,158$17,543,000$52,195,637
90$71,640,086$24,942,387$18,076,292$56,940,619
91$78,891,262$26,108,452$18,625,735$62,145,870
92$86,880,291$27,329,886$19,191,817$67,857,321
93$95,682,377$28,609,347$19,775,040$74,125,539
94$105,380,396$29,949,621$20,375,920$81,006,203
95$116,065,672$31,353,628$20,994,989$88,560,623
96$127,838,846$32,824,431$21,632,796$96,856,309
97$140,810,819$34,365,240$22,289,906$105,967,602
98$155,103,805$35,979,418$22,966,900$115,976,369
99$170,852,479$37,670,496$23,664,377$126,972,770
100$188,205,253$39,442,171$24,382,954$139,056,097